Knights of Columbus Asset Advisors LLC Lowers Stock Position in HubSpot, Inc. (NYSE:HUBS)

Knights of Columbus Asset Advisors LLC cut its position in shares of HubSpot, Inc. (NYSE:HUBS) by 53.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,297 shares of the software maker’s stock after selling 1,507 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in HubSpot were worth $904,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter valued at $25,000. Larson Financial Group LLC lifted its holdings in HubSpot by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in HubSpot by 73.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock valued at $31,000 after purchasing an additional 19 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in HubSpot during the fourth quarter valued at $35,000. Finally, Friedenthal Financial purchased a new position in HubSpot during the fourth quarter valued at $50,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

HubSpot Trading Up 1.1 %

HubSpot stock opened at $604.89 on Friday. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $881.13. The stock has a market cap of $31.55 billion, a P/E ratio of 6,721.75, a PEG ratio of 41.44 and a beta of 1.80. The company has a 50-day moving average price of $715.33 and a 200 day moving average price of $655.14.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. As a group, analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the sale, the insider now directly owns 524,751 shares in the company, valued at $425,048,310. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Yamini Rangan sold 3,057 shares of HubSpot stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $701.59, for a total transaction of $2,144,760.63. Following the sale, the chief executive officer now owns 54,079 shares of the company’s stock, valued at approximately $37,941,285.61. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,425 shares of company stock worth $15,866,151 over the last three months. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HUBS shares. Royal Bank of Canada increased their price objective on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company increased their price objective on shares of HubSpot from $835.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Stephens started coverage on shares of HubSpot in a report on Wednesday. They set an “overweight” rating and a $769.00 price objective on the stock. UBS Group raised shares of HubSpot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Finally, Scotiabank increased their target price on shares of HubSpot from $825.00 to $900.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, HubSpot has an average rating of “Moderate Buy” and a consensus target price of $853.32.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.